Kuwait Corporate Fact Sheet

SHUAA Capital Fact Sheet
Non-Kuwaiti Sector
Reuters Code: SHUA.KW Current Price (KD) : 0.610
Key Facts 9M-2007
KD ' 000 March-04 March-05 March-06 March-07 December 07
Cash & Equivalent 2,635 7,410 6,921 10,706 101,392
Accounts Receivable & Other Debit Balances 2,200 9,522 24,658 62,186 39,265
Installment credit, Loans & Advances 20,162 28,058 44,070 51,187 62,573
Held For Trading Investments 24,056 29,494 45,716 66,892 146,345
Available For Sale Investments 13,448 9,439 10,621 13,896 35,567
Investment In Associates 1,102 16,354 51,547 60,938 61,870
Other Assets 600 602 3,419 8,397 9,284
Total Assets 64,203 100,879 186,952 274,203 456,295
Due to Banks & Loans 21,837 34,927 46,626 94,114 120,757
Accounts Payable & Other Credit Balances 4,123 12,424 16,311 58,273 50,440
Total Liabilities 25,960 47,350 62,937 152,387 171,197
Minority Interest 1,833 2,281 0 362 537
Equity 36,410 51,248 124,016 121,816 284,561
Interest Income 2,002 2,723 5,468 6,833 6,878
Investment Income 6,503 13,845 18,379 18,281 19,830
Fees & Commission Income 2,862 10,151 16,044 11,003 23,335
Total Operating Revenues 11,367 26,719 39,891 36,117 50,043
Total Operating Expenses 5,362 8,462 10,662 15,455 24,409
Operating Profit 6,005 18,257 29,229 20,662 25,634
Other Non-operating Expenses 192 466 417 51 169
Net Profit 5,814 17,791 28,812 20,611 25,466
Key Ratios TTM
March-04 March-05 March-06 March-07 December 07
Return On Assets 9.1% 17.6% 15.4% 7.5% 7.4%
Return On Equity 16.0% 34.7% 23.2% 16.9% 11.9%
Investment Income / Total Operating Income 57.2% 51.8% 46.1% 50.6% 39.6%
Fees & Commission Inc. / Tot. Opr. Income 25.2% 38.0% 40.2% 30.5% 46.6%
Investments/ Total Assets 60.1% 54.8% 57.7% 51.7% 53.4%
Debt / Equity 60.0% 68.2% 37.6% 77.3% 42.4%
Historical Share Data YTD
2004 2005 2006 2007 22-Jun-08
Market Capitalization (KD thousand) 129,000 247,500 200,750 269,500 335,500
Closing Share Price (KD) 0.430 0.750 0.365 0.490 0.610
Highest Price for the Period (KD) 0.445 1.560 0.820 0.540 0.700
Lowest Price for the Period (KD) 0.220 0.405 0.320 0.320 0.455
Volume (Shares thousand) 139,210 44,510 8,210 10,305 11,095
Value (KD thousand) 38,621 44,450 3,477 4,733 6,270
No. of Trades 3,940 3,279 539 673 800
EPS (KD) 0.018 0.039 0.055 0.037 0.037
Book Value Per Share (KD) 0.121 0.155 0.223 0.222 0.222
Dividend Per Share (KD) 0.008 0.000 0.024 0.016 NA
Price to Earnings Multiple (X) #
34.33 15.49 10.99 16.70 16.70
Price to Book Value Multiple (X) #
5.03 3.93 2.73 2.75 2.75
Dividend Yield (%) #
1.31 0.00 3.92 2.57 2.57
KD
0.665
0.630
0.595
0.560
0.525
0.490
0.455
0.420
0.385
0.350
52-Week Price Chart Rel. to KAMCO TRW Index
SHUAA KAMCO TRW Index
24.6.07
8.7.07
22.7.07
5.8.07
19.8.07
2.9.07
16.9.07
30.9.07
14.10.07
28.10.07
11.11.07
25.11.07
9.12.07
23.12.07
6.1.08
20.1.08
3.2.08
17.2.08
2.3.08
16.3.08
30.3.08
13.4.08
27.4.08
11.5.08
25.5.08
8.6.08
22.6.08
KAMCO Research
Index
4,800
4,700
4,600
4,500
4,400
4,300
4,200
4,100
4,000
June 22, 2008
NA: Not Applicable, NM: Not Meaningful
YTD: Beginning of year to date
#
:Historical P/E, P/B & Yield are based on
current price & historical earning per share,
book value per share & dividend per share
Investment Research Department
KIPCO Asset Management Co.K.S.C.C
KAMCO
P.O.Box: 28873 Safat 13149 Kuwait
Email : kamco_research@kamconline.com